HMRC have published a tax information and impact note (TIIN) Income Tax: The Major Sporting Events (Income Tax Exemption) (Women’s Finalissima Football Match) Regulations 2023.
This measure grants an income tax exemption to individuals who have been accredited by UEFA (the Union of European Football Associations) for the purposes of the Women’s Finalissima Football Match if they:
- are not resident in the UK for tax purposes; and
- earn income in connection with this UK-hosted match.
This includes those individuals whose tax residence is split between the UK and another country in tax years 2022-23 and 2023-24.
The Regulations were laid before the House of Commons on 6 February 2023.
Related content from Claritax Books
The statutory residence test (SRT) for individuals is especially relevant for income tax and CGT but the rules also apply in some circumstances for IHT and corporation tax purposes.
In Residence – the Definition in Practice, tax barrister Keith Gordon’s usual clear and incisive analysis presents the rules in a form that is at once accessible and practical.